you have placed the correction of wave iv in the vacinity of wave (iv) of v when it should actually be in wave iv of V..... about 1.29. look at the bigger picture.
Pepolape1
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BUt 3 waves aren't proportional??
chessnut
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this is v of V. now we are looking for ABC, not abc. they will not be proportional.
Pepolape1
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Please, put your counting chart of v, thanks a lot!!
chessnut
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=)
chessnut
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thats (v) of iii btw. sorry for mixing the upper and lower cases.
Pepolape1
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don't worry, its perfect. But I agree with you on everything except this part, (i) (iii) and (v) are not proportional. you leave me thinking ... ;)
chessnut
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Oh ok I see what you mean. wave iii took a lot of time whereas wave i and v took very little. The reason why I think this must be the count is because the price action is proportional, the corrective waves are proportional, and the the impulsive waves are very clear. I dont see any other way to count it. in your chart there is trouble explaining wave 1 of (iii), and the primary wave is not proportional no matter what count.